NEW YORK, Jan. 2, 2013 /PRNewswire/ -- The Board of Directors of Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (the "Fund") has declared the Fund's January dividend, as summarized in the chart below:

Declaration

Date

Ex-Date

Record

Date

Payable

Date

Rate

Per Share

January 2, 2013

January 16, 2013

January 18, 2013

January 31, 2013

$0.156

The Fund seeks high current income, with a secondary objective of capital appreciation, by investing primarily in U.S. and non-U.S. preferred and other income securities. Generally, the majority of assets are allocated to investment-grade securities believed by the manager to be undervalued relative to their credit quality and other characteristics, such as company fundamentals.

The amount and composition of the Fund's distributions will be disclosed monthly at cohenandsteers.com; however, this information may change after each calendar year end, once the final tax characteristics of all Fund distributions can be determined with certainty. Final tax characteristics of the Fund's distributions will be provided on Form 1099-DIV, which is mailed after the close of each calendar year. The Fund expects to pay monthly cash distributions at a level rate, which may be adjusted from time to time based on its projected performance. At times, to maintain a stable level of distributions, the Fund may pay out more than its net investment income.

CIO, CTO & Developer Resources

The amount of monthly distributions may vary over time depending on a number of factors, including changes in portfolio and market conditions. The Fund's distributions reflect net investment income, and may also include net realized capital gains and/or return of capital. Return of capital includes distributions paid by a fund in excess of its net investment income, and such excess is distributed from the fund's assets.

Cloud computing budgets worldwide are reaching into the hundreds of billions of dollars, and no organization can survive long without some sort of cloud migration strategy. Each month brings new announcements, use cases, and success stories.